MicroSectors FANG Index -3X Inverse Leveraged ETNs due January 8, 2038 (FNGD)

Competitors to MicroSectors FANG Index -3X Inverse Leveraged ETNs due January 8, 2038 (FNGD)

Direxion Daily Technology Bear 3X Shares 

Direxion's TECS provides investors with three times the inverse of the technology sector's performance, making it a direct competitor to FNGD. Both funds are tailored for bearish sentiment towards tech stocks, appealing to traders who anticipate significant downturns. However, TECS focuses more broadly on the technology sector as a whole rather than on specific stocks like the FANG group, potentially offering a broader hedge against tech declines. This wider exposure can provide a competitive edge for investors looking for diverse tech negativity.

Invesco QQQ Trust 

Invesco's QQQ, while not an inverse product, serves as the underlying benchmark for many inverse funds including FNGD. It attracts investors looking for growth within the technology sector, competing indirectly by drawing funds away from funds focused on shorting that sector. As the leading ETF in terms of assets and liquidity, QQQ provides a more traditional investment path in tech stocks, appealing to those who prefer to capitalize on market growth rather than downturns. This inherent strength, backed by its widespread recognition, gives QQQ a significant competitive advantage.

ProShares Short QQQ 

ProShares Short QQQ is designed for investors looking to profit from short-term declines in the Nasdaq-100 Index, competing directly with MicroSectors FANG Index -3X Inverse Leveraged ETNs by providing an easier way for investors to short the technology sector. While FNGD offers triple inverse exposure, PSQ offers a straightforward short position on QQQ, making it more suitable for risk-averse investors. This differentiates PSQ as a more conservative option, whereas FNGD appeals to traders seeking higher, albeit riskier, returns.

VelocityShares Daily Inverse VIX Short-Term ETN

Although not a direct competitor to FNGD, VelocityShares' ZIV indirectly competes by offering an alternative vehicle for investors looking to hedge against market volatility. Instead of focusing on equity declines, ZIV provides inverse exposure linked to volatility, which can be attractive during market uncertainties. This diversification option might attract investors away from the FANG-focused inverse strategy towards a volatility-focused hedge, leveraging different market conditions. ZIV’s unique focus gives it traction in a different investment strategy segment.